Georgia joins Balkan and Black Sea Petroleum Association
Georgia, Tbilisi, Oct. 2 / Trend N. Kirtzkhalia /
The Georgian Oil and Gas Corporation has joined the Balkan and Black Sea Petroleum Association (BBSPA).
The company told Trend that membership of the association will allow it to receive regular monthly bulletins on the oil and gas sector in the surrounding regional countries, information about the gas production, pipelines in the region, contract prices for gas and other issues.
BSPA is a union of leading oil and gas companies of the countries of the Balkan Peninsula and the Black Sea. Its main objectives are to promote the development of the regional oil and gas market, its liberalisation and diversification, as well as exchange information.
Association members are Anadarko, AXPO Trading, BP, Bulgartransgaz, Chevron, Hellenic Petroleum, Lukoil, NIS-Gazprom Neft, OMV, Romgaz, Schlumberger, Statoil, Total, Wintershall Erdgas and KPM.